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Biden warns dangerous oligarchy taking shape in farewell address

Amituv Rahman

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Outgoing US President Joe Biden warned of a "dangerous" oligarchy taking shape in America, as he delivered his farewell address and brought a decades-long career in politics to an end.

Biden took aim at an ultra-wealthy tech-industrial complex which he said could wield unchecked power over Americans. 

He also used his final televised speech from the White House to issue warnings about climate change and social media disinformation. 

Speaking from the Oval Office, he touted his single-term administration's record, referencing job creation, infrastructure spending, healthcare, leading the country out of the pandemic, and making the US a safer country. 

Biden wished Donald Trump's incoming administration success, but then issued a series of pointed warnings, with the president stating so much is at stake right now.

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